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Re:Snapchat raised $1.8B in a Series F round by technotony on Thursday May 26, 2016 @07:43PM (#11782664)
The difference is that Facebook was within reach of cashflow positive at all times in it's growth, ie if they fired non-core staff could be cash flow positive within months (source: Mark Zuckerburg talk I went to). It had ad's from within the first few months of existence, that was Saverin's role before he left/was fired but they always built that part of the business and revenues always scaled with expenses.

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